Ripcord

Ripcord is a company that leverages robotics and artificial intelligence to digitize and process documents, providing solutions for a wide range of industries including accounts receivable, energy, financial services, human resources, insurance, manufacturing, and the public sector. Their cloud-based content platform, Canopy, enables the transformation of paper documents into high-quality digital files while maintaining document integrity and chain of custody. Advanced AI technology classifies documents and extracts, validates, and enriches data. Ripcord partners with companies like Fuji Xerox to accelerate digital transformation initiatives and has raised $32 million in new funding to support growth and innovation. The IRS has engaged Ripcord to digitize archived tax filings as part of a tech pilot program. The company offers Document Intelligence as a Service™ and various integration methods to utilize data in ERP, ECM, RPA, BI, and other enterprise applications, helping to improve operational efficiency, ensure compliance, and maximize data value. Specialized solutions are provided for the energy sector, including well file and log digitization, engineering document management, and compliance and risk management. In the insurance sector, Ripcord offers solutions for policy enrollment and management, claims handling, underwriting, and historical policy digitization. Manufacturing solutions include order to cash, quality assurance, and backfile digitization. Public sector solutions encompass agency document management, application, permit and license processing, audits and investigations, and data collection and analysis. Human resources solutions aim to reduce administrative burden, improve strategic capacity, and lower costs and risks. Financial services solutions are designed to maximize efficiency, compliance, and data value. Ripcord is headquartered at 30955 Huntwood Ave, Hayward, CA 94544, USA, and provides 24/7 customer support. The company originated at NASA and has evolved to focus on digitization and data technology.